June job loss rate rises
The unemployment rate rose for the month of June peaking at its highest level in 25 years. Job losses dropped a staggering 467,000 far more than the 350,000 amount forecast by economists.

European Central Bank will keep rates unchanged
The European Central Bank indicated that it will keep its rates at a record low for the coming months after Jean-Claude Trichet said The current rates are appropriate.

US Bank regulators fail to agree on private equity rules
Regulators have clashed over the proposed guidelines for private equity investments in failed banks.